New York – Manhattan – Real Estate Bi-Weekly Market Update (Sept 13–28, 2025)
Manhattan Luxury Market Update (Sept 13–28, 2025)
Overall Synopsis
As Q3 draws to a close, Manhattan’s $1M–$4M luxury segment continues its quiet resilience. Contract activity remains steady despite slightly longer market timelines—suggesting not a slowdown, but a measured buyer mindset. Across Chelsea, West Village, and the Upper West Side, buyers are active and discerning, while sellers who position with polish are seeing solid traction. Median prices are up +2.7% year-to-date, underscoring that while urgency has softened, conviction has not. Inventory rose +10.9%, giving buyers more choice—and amplifying the need for listings to stand out in a crowded, confident marketplace. For KēHaus clients, this is the moment to lead with clarity, not just presence.
Market Snapshot
- Contracts Signed: 498 (310 Condos | 178 Co-ops | 10 Condops)
- Total Volume: ~$961.2M
- Average Asking: ~$1.93M | Median: $1.725M
- Average PPSF: ~$1,762 (varies by product and location)
- Days on Market: ~28 days
Condos remain dominant, representing over 60% of activity. Co-ops are strong in classic neighborhoods like UWS and UES, while Condops continue to attract a niche audience with elevated design and flexibility.
What’s Driving It
The Manhattan luxury market continues to balance between choice and conviction. With contract activity up +4.6% YTD and a +10.9% rise in active listings, buyers have more leverage—but they’re not hesitating on high-quality, well-marketed properties. Instead, they’re moving with deliberation and discernment.
Neighborhoods like the West Village, Chelsea, and UWS remain highly desirable due to their lifestyle proposition: walkability, charm, and architectural cachet. Uptown continues to provide relative value, while new development in Midtown and NoMad attracts pied-à-terre buyers and long-term investors.
At KēHaus, we help sellers win before the listing even hits public channels. Our pre-market strategy, agent outreach, and lifestyle staging position listings as irresistible from the jump. The goal is not just exposure—but emotional engagement. Because in Manhattan, pricing alone doesn’t move a property—story and strategy do.
Key Market Stats
| Metric | 2024 YTD | 2025 YTD | % Change |
|---|---|---|---|
| Condo/Co-op/TH Contracts Signed | 1,432 | 1,498 | 🟢 +4.6% |
| Active Listings | 512 | 568 | 🟢 +10.9% |
| Median Price | $1.68M | $1.725M | 🟢 +2.7% |
| Avg. Days on Market | 25 | 28 | 🔴 +12.0% |
Property Type Breakdown
| Property Type | # Sales | Sales Volume | Median Price | Avg. Price | Avg. DOM |
|---|---|---|---|---|---|
| Condo | 310 | $654.2M | $1.725M | $2.11M | 28 |
| Co-op | 178 | $283.5M | $1.4M | $1.59M | 27 |
| Condop | 10 | $23.5M | $2.55M | $2.35M | 30 |
Geographic Distribution
| Neighborhood | Median Price | YTD Change |
|---|---|---|
| West Village | $2.325M | 🟢 +4.0% |
| Chelsea | $2.1M | 🟢 +3.5% |
| Upper West Side | $2.15M | 🟢 +3.2% |
| Upper East Side | $2.05M | 🟢 +2.8% |
| Midtown East | $1.8M | 🟢 +2.4% |
| Battery Park City | $1.65M | 🟢 +3.0% |
| East Harlem | $608K | 🔴 -1.5% |
Notable Sales (Sept 13–28)
- 303 Park Ave, Unit 2032 – Midtown East
$3.75M | 1 Bed / 2.5 Bath | $3,366 PPSF ✅ Ultra-luxury one-bed with hotel-style amenities - 525 6th Ave, Unit 2A – West Village
$2.55M | 2 Bed / 2 Bath | $2,013 PPSF ✅ Classic West Village charm with contemporary interiors - 15 E 30th St, Unit 42A – NoMad
$2.65M | 1 Bed / 1 Bath | $2,813 PPSF ✅ Sky-high views, new development, full-service - 155 W 68th St, Unit 306 – Upper West Side
$550K | 1 Bed / 1 Bath | $917 PPSF ✅ Entry-level luxury near Lincoln Center
